September 20 2017, David R Brown
Leading U.S. speciality chemicals distributor, Maroon Group acquires New Jersey-based Seidler Chemical
Maroon Group LLC has acquired Seidler Chemical, a specialty chemicals and ingredients distributor based in Newark, New Jersey. Seidler's management team, led by Richard and Martha Seidler, will remain in place and continue to actively manage the business. Maroon Group is owned by CI Capital Partners and Maroon Group's management. This is Maroon Group's seventh add-on acquisition under CI Capital's ownership. Terms of the transaction were not disclosed.
This acquisition allows us to expand our value-add service offering and build additional scale in attractive end marketsMark E. Reichard
President & CEO of Maroon Group
Established in 1896, Seidler Chemical supplies specialty chemicals and ingredients and value-add services to the pharmaceutical, high-purity electronic, industrial, and food and beverage industries.
“We are thrilled about the opportunity to work with Rich, Martha, and their team and welcome a company with a 120-year history to Maroon Group,” said Mark E. Reichard, President & CEO of Maroon Group. “This acquisition allows us to expand our value-add service offering and build additional scale in attractive end markets,” Reichard added.
“We're excited to be part of an organization like Maroon Group that shares our focus on customer success,” commented Rich Seidler, President of Seidler Chemical. “Providing stability for our employees, customers, and suppliers was a priority when Martha and I set out on this course. Maroon has a proven track record of success as it relates to acquiring businesses like Seidler. They understand the importance of servicing the customer, continue to invest in acquired companies, and have a thoughtful approach to integration. Maroon Group was the right partner to continue the legacy of our family's company.”
About Maroon Group LLC
Founded in 1977, Maroon Group LLC is one of the fastest growing specialty chemical distributors in North America with revenues of USD 235 million in 2016. Based in Avon, Ohio, Maroon supplies specialty additives, ingredients, resins and pigments to manufacturers focused on plastics, rubber, CASE, composites and now life science markets. Maroon Group's portfolio of companies includes Maroon, Lincoln Fine Ingredients, Cadence Chemical, U.S. Chemicals, CNX Distribution, D.B. Becker, Addipel, and Polyram US.The company continues to aggressively explore opportunities to form partnerships with proven entrepreneurs that have built sustainable, successful companies.
Source(s): Maroon Group Press Release